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Sony Online CEO Denies Buyout Rumor

Late last night, there was a little bit of a stir when Reuters ran a story based on an article that appeared in the Indian edition of the Economic Times newspaper stating that India's Zapak Digital Entertainment, part of the Anil Ambani-led ADAG group, was about to acquire Sony Online Entertainment for $300 million. Shortly thereafter, SOE CEO John Smedley strongly denied the rumor, "No idea who made this up. We are in discussions with various companies in India about bringing our games to this growing market but that's it. We aren't for sale."

Late last night, there was a little bit of a stir when Reuters ran a story based on an article that appeared in the Indian edition of the Economic Times newspaper stating that India's Zapak Digital Entertainment, part of the Anil Ambani-led ADAG group, was about to acquire Sony Online Entertainment for $300 million. Shortly thereafter, SOE CEO John Smedley strongly denied the rumor, "No idea who made this up. We are in discussions with various companies in India about bringing our games to this growing market but that's it. We aren't for sale."